For Disney's Iger, His Most Important Year Yet

Bob Iger is making bigger waves in his final years running Walt Disney Co. than ever before -- and if you remember the circumstances surrounding his appointment as CEO more than 12 years ago, then you know that's saying something.

Two weeks before the curtain came down on 2017 -- a vexing year for companies that have traditionally dominated the production and distribution of media content -- Disney announced a colossal acquisition. It was the year's second-biggest transaction globally and the industry's largest since AT&T Inc.'s $109 billion bid for Time Warner Inc. in October 2016.1514491387701 Disney offered to buy the majority of 21st Century Fox Inc. for some $66 billion, a deal in which the Murdoch media moguls, in return for Disney stock, will be handing Iger a greater swath of TV and film content to support the company's foray into online streaming.